Paytm News: Paytm Payments Bank MD & CEO Surinder Chawla resigns
His resignation comes after nearly all agreements between One97 and PPBL were terminated on March 1, 2024, as part of an ongoing restructuring at the payments bank.
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Working with regulator to address concerns, decision to impact EBITDA by upto Rs 500 crore: Paytm
Paytm has said that this decision by the RBI will impact their EBITDA annually by Rs 300-500 crore.
RBI fines Paytm Payments Bank ₹5.39 crore for regulatory breaches
The Reserve Bank of India (RBI) has fined Paytm Payments Bank Limited ₹5.39 Crore.
Surinder Chawla’s appointment as MD and CEO of Paytm Payments Bank has been approved by the RBI
According to One 97, the latest hiring is part of Paytm Payment Bank's continued efforts to develop its leadership team, improve its technology skills, and drive financial inclusion in the country.
SoftBank to resign from board of Paytm, Policybazaar
Although the position will be exited, however, SoftBank will continue to hold stakes in both the companies and will continue to invest in them going forward.
Customer accounts and deposits safe amid RBI order: Paytm Payments Bank
Yesterday, RBI issued a notice to Paytm Payments Bank to stop onboarding new customers under section 35A of the Banking Regulation Act, 1949.
RBI orders Paytm Payments bank to stop onboarding new customers
RBI has further directed Paytm to conduct a comprehensive system audit of its IT system.
Payments banks account can now hold maximum balance of Rs 2 lakh: RBI
Payments banks are similar to normal banks but do not offer full-fledged services of a normal bank.
Paytm aims to double loan disbursements to Rs 1,000 crores for MSMEs
Financial service platform Paytm on Monday announced its decision to double loan disbursements from Rs 550 crore in last fiscal year to Rs 1,000 crore by March 2021.